5,169 Shares in Commerce Bancshares, Inc. (NASDAQ:CBSH) Acquired by Farringdon Capital Ltd.

Farringdon Capital Ltd. acquired a new stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,169 shares of the financial services provider's stock, valued at approximately $322,000.

Other institutional investors also recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in shares of Commerce Bancshares in the fourth quarter worth $33,000. Marshall Investment Management LLC purchased a new position in shares of Commerce Bancshares during the 4th quarter valued at about $35,000. V Square Quantitative Management LLC lifted its holdings in shares of Commerce Bancshares by 84.0% in the 4th quarter. V Square Quantitative Management LLC now owns 791 shares of the financial services provider's stock valued at $49,000 after buying an additional 361 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Commerce Bancshares by 46.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 839 shares of the financial services provider's stock worth $52,000 after buying an additional 268 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Commerce Bancshares by 19.6% during the fourth quarter. GAMMA Investing LLC now owns 1,139 shares of the financial services provider's stock worth $71,000 after acquiring an additional 187 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CBSH has been the topic of several analyst reports. Piper Sandler raised their target price on Commerce Bancshares from $65.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. StockNews.com lowered Commerce Bancshares from a "hold" rating to a "sell" rating in a report on Thursday, April 17th. Wells Fargo & Company dropped their target price on Commerce Bancshares from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their target price on Commerce Bancshares from $74.00 to $70.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley raised Commerce Bancshares from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $66.00 to $58.00 in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat, Commerce Bancshares has a consensus rating of "Hold" and a consensus price target of $63.20.

Insider Transactions at Commerce Bancshares

In other news, CFO Charles G. Kim sold 13,493 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $67.76, for a total transaction of $914,285.68. Following the transaction, the chief financial officer now owns 86,246 shares of the company's stock, valued at approximately $5,844,028.96. The trade was a 13.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Patricia R. Kellerhals sold 1,719 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $67.30, for a total transaction of $115,688.70. Following the sale, the senior vice president now owns 18,688 shares of the company's stock, valued at approximately $1,257,702.40. The trade was a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,434 shares of company stock valued at $5,248,272 over the last ninety days. Insiders own 3.10% of the company's stock.

Commerce Bancshares Trading Up 1.3 %

CBSH traded up $0.77 during trading on Thursday, hitting $61.15. The company's stock had a trading volume of 122,103 shares, compared to its average volume of 626,958. Commerce Bancshares, Inc. has a twelve month low of $49.97 and a twelve month high of $72.75. The business's fifty day simple moving average is $61.15 and its 200 day simple moving average is $64.14. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 2.13 and a beta of 0.71.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The firm had revenue of $428.05 million for the quarter, compared to analyst estimates of $417.85 million. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. As a group, equities research analysts forecast that Commerce Bancshares, Inc. will post 3.94 earnings per share for the current fiscal year.

Commerce Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Commerce Bancshares's previous quarterly dividend of $0.27. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.80%. Commerce Bancshares's payout ratio is currently 26.63%.

Commerce Bancshares Profile

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.